SP500 can drop under 4k and enter bear market territory
SP500 has started 2022 badly and things look like will get worth.
After an initial drop to 4.1k, the index tried to recover, but 4.5k proved to be a strong ceiling and SP500 rolled back down.
Now the index is trading in February's low and I expect a continuation to the downside.
A drop under 4k would be significant for SP500, both psychological and marking more than a 20% drop (bear market, at least by the book).
In such a case, panic selling is a very probable scenario, and the price can drop fast to 3.5 support.
I'm very bearish SP500 and I will remain as long as the price is under 4.5k
After an initial drop to 4.1k, the index tried to recover, but 4.5k proved to be a strong ceiling and SP500 rolled back down.
Now the index is trading in February's low and I expect a continuation to the downside.
A drop under 4k would be significant for SP500, both psychological and marking more than a 20% drop (bear market, at least by the book).
In such a case, panic selling is a very probable scenario, and the price can drop fast to 3.5 support.
I'm very bearish SP500 and I will remain as long as the price is under 4.5k
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.